Finance News: Latest Financial News, Finance News today in Bangladesh

Expand railways instead of roads: PM

Prime Minister Sheikh Hasina has asked the authorities concerned to focus on expansion of railways rather than constructing more roads and highways across the country.She laid emphasis on establishing an integrated communication system, comprising roads, railways, waterways and airways.The PM also asked the authorities to protect the rivers across the...

New dredger arrives at Ctg port for Karnaphuli capital dredging

CHATTOGRAM, Mar 5: The Chittagong Port Authority (CPA) has finally received the main cutter suction dredger from China for the capital dredging project in the Karnaphuli river.The dredger was scheduled to reach the port by the middle of January, after rescheduling by the supplier, it is learnt. The 31-inch cutter...

Two entities evade Tk 5.4m in VAT

The Dhaka (West) VAT zone has unearthed VAT evasion worth Tk 5.4 million (54 lakh) by two entities-a sweets shop and a community centre--- through an intensive inspection.The VAT office filed cases against the two, located in the city's Mohammadpur area, said a statement.VAT officers confiscated commercial documents of the...

BD holds huge potentials as Asia to lead world's food production

Speakers at a seminar on Tuesday said the country's poultry industry is capable of increasing both demand and supply of quality nutrition to build a healthy nation.In this regard, the poultry growers need to focus more on research and innovation for stable production and ensuring bio-security in every steps of...

Month-long CITF kicks off in Chattogram today

CHATTOGRAM, Mar 05: The month-long Chittagong International Trade Fair (CITF) begins tomorrow (Wednesday) at the Polo Ground in the port city.Chittagong Chamber of Commerce and Industry (CCCI) has organised the 27th version of the fair of which Thailand is the country partner.A good number of companies from home and abroad,...

Bangladesh, Nepal sign tax treaty

Bangladesh and Nepal signed a Double Taxation Avoidance Agreement (DTAA) on Tuesday to enhance business and investment between the two countries.National Board of Revenue (NBR) Chairman Md Mosharraf Hossain Bhuiyan and Revenue secretary of Nepal Lal Shankar Ghimire attended the agreement signing ceremony in Kathmandu, the capital of Nepal, said...

Foreigners hail Shanghai's instant tax refund service

The instant departure tax refund service introduced by Shanghai on a trial basis has won applause from the overseas tourists, according to People's Daily.The city took the new efforts to improve its departure tax refund service, the policy rolled out a month ago. It allows international and interregional travellers who...

CBC becomes PCI-DSS certified

Global Payment Security Specialist-SISA has certified Commercial Bank of Ceylon PLC's (CBC) payment systems and cardholders data with the prestigious "Payment Card Industry Data Security Standard (PCI-DSS)" certification, said a statement. The certification was presented to the bank following an in-depth assessment by SISA that involved achieving over 300 security...

Additional Secretary

Additional Secretary, Financial Institution Division, and Director, Bangladesh Development Bank Limited (BDBL), Salma Nasreen addressing alumni association reunion of the Economics Department of Barishal BM College recently

22nd anniversary celebrations

Managing Director of Master Builder Major (Retd) Shibbir Ahmad Khan inaugurating the 22nd anniversary celebrations of the real estate company at Azimpur Government Community Centre in the capital recently

President and Managing Director of Bank Asia Limited Md. Arfan Ali

President and Managing Director of Bank Asia Limited Md. Arfan Ali, former Deputy Governor of Bangladesh Bank Khondkar Ibrahim Khaled and former Managing Director of Sonali Bank Limited S.A. Chowdhury posing with the participants after inauguration of a workshop on "Excellence in Customer Service" for the senior managers of Bank...

Reinstate garment workers, demands IndustriAll

The IndustriAll Bangladesh Council (IBC) urged the government on Tuesday to reinstate the garment workers who were fired from their jobs in the aftermath of the recent labour unrest over wage hike.The trade union group also called for withdrawal of false cases against the workers and release of arrested workers.The...

HATIL opens two showrooms in India

HATIL, widely celebrated global furniture brand from Bangladesh, has recently opened two new showrooms in Kolkata South (Garia) and Kolkata North (Sodepur), according to a press release.Deputy High Commi-ssioner of Bangladesh to India Toufique Hasan inaugurated the HATIL Garia showroom as the chief guest.Earlier, First Secretary (Commercial) Mohammed Saiful Islam...

Fabric week gets good response

The fourth edition of Zaber and Zubair Fabric Week has got a good response with 500 visitors from the European and US garment buyers, their local offices, local garments and buying houses. The week long fabric show, organised by Zaber and Zubair Fabrics Ltd of Noman Group of Industries, began...

BoE warns of Europe-wide finance risks on Brexit

LONDON, Mar 05 (AFP): Europe's financial system faces "potential risks" to its stability arising from a no-deal Brexit, the Bank of England (BoE) warned on Tuesday, as it extended its weekly lending facilities to include euros.With just 24 days to go until Britain is set to leave the European Union,...